Waratah Capital Advisors Ltd. Invests $1.13 Million in Toll Brothers Inc. $TOL

Waratah Capital Advisors Ltd. acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,195 shares of the construction company’s stock, valued at approximately $1,132,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Abich Financial Wealth Management LLC purchased a new position in Toll Brothers in the 3rd quarter valued at approximately $28,000. Smithfield Trust Co increased its position in shares of Toll Brothers by 136.4% in the third quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after buying an additional 150 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Toll Brothers during the 3rd quarter worth $44,000. Global Retirement Partners LLC raised its stake in shares of Toll Brothers by 1,112.8% during the 3rd quarter. Global Retirement Partners LLC now owns 570 shares of the construction company’s stock worth $79,000 after buying an additional 523 shares during the last quarter. Finally, Rothschild Investment LLC boosted its position in shares of Toll Brothers by 215.5% in the 3rd quarter. Rothschild Investment LLC now owns 672 shares of the construction company’s stock worth $93,000 after buying an additional 459 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TOL shares. JPMorgan Chase & Co. raised their target price on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Monday. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Royal Bank Of Canada upped their target price on Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Citigroup began coverage on Toll Brothers in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company boosted their price target on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $160.40.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the transaction, the director directly owned 118,680 shares in the company, valued at $17,407,982.40. This represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Up 0.7%

TOL stock opened at $159.48 on Wednesday. The company has a 50 day moving average price of $147.10 and a two-hundred day moving average price of $140.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. The stock has a market capitalization of $15.11 billion, a P/E ratio of 11.39, a PEG ratio of 1.24 and a beta of 1.47. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $168.36.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 EPS. As a group, sell-side analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a $0.25 dividend. The ex-dividend date was Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.6%. Toll Brothers’s payout ratio is 7.14%.

Toll Brothers Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.